KRISHANA PHOSCHEM LIMITED
CIN No.: U24124RJ2004PLC019288
Our Company was originally incorporated on May 14,2004 as 'Krishana Phoschem
Limited' vide Registration no. 17-019288/2004-2005 (CIN: U24124RJ2004PLC019288) under
the provisions of the Companies Act, 1956 with the Registrar of Companies, Rajasthan,
Jaipur. For further details please refer to chapter titled 'History and
Certain Corporate Matters' beginning on page 122 of the Prospectus.
Registered Office: 5-0-20 Basement R.C Vyas
Colony Bhilwara, Rajasthan - 311001, India. | Tel No.: +91 -1482-237104/ 239091/
230060
Email: secretanal@krishnaphoschem.com
| Website: www.krishnaphoschem.com | Contact
Person: Ms. Priyanka Bansal (Company Secretary & Compliance Officer)
PROMOTERS OF OUR COMPANY: MR. PRAVEEN OSTWAL, OSTWAL PHOSCHEM (INDIA)
LIMITED AND SEASONS AGRO CHEM INDIA PRIVATE LIMITED
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFER OF 65,76,000 EQUITY SHARES OF FACE VALUE OF RS
10.00 EACH OF KRISHANA PHOSCHEM LIMITED ('OUR COMPANY') FOR CASH AT A PRICE
OF RS 30.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS
20.00 PER EQUITY SHARE) ('OFFER PRICE') AGGREGATING TO RS
1972.80 LAKHS ('THE OFFER') THROUGH AN OFFER FOR SALE BY MAHENDRA KUMAR
OSTWAL, PANKAJ OSTWAL HUF, PRAVEEN OSTWAL HUF, CHUNRI PRINTS PVT. LTD., PANERI TEXTILES
PVT. LTD, ARCHID PRODUCTS PVT. LTD, MRS. NITU OSTWAL, MRS. EKTA JAIN, MR. PANKAJ OSTWAL,
MAHENDRA KUMAR OSTWAL HUF, SEASONS AGRO CHEM INDIA PVT. LIMITED, MADHYA BHARAT AGRO
PRODUCTS LIMITED (COLLECTIVELY REFERRED AS PROMOTERS AND PROMOTER GROUP SELLING
SHAREHOLDERS HEREIN AFTER), OF WHICH 3,36,000 EQUITY SHARES OF FACE VALUE OF RS
10.00 EACH FOR A CASH PRICE OF RS 30.00 PER EQUITY SHARE, AGGREGATING TO RS 100.80
LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ('MARKET MAKER RESERVATION
PORTION'). THE OFFER LESS THE MARKET MAKER RESERVATION PORTION I.E. OFFER OF
62,40,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT
AN OFFER PRICE OF RS 30.00 PER EQUITY SHARE AGGREGATING TO 71872.00
LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET OFFER'). THE OFFER AND THE NET
OFFER WILL CONSTITUTE 26.41% AND 25.06%, RESPECTIVELY OF THE POST OFFER PAID UP EQUITY
SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED
'TERMS OF THE OFFER' BEGINNING ON PAGE 244 OF THE PROSPECTUS.
THIS OFFER IS BEING MADE IN ACCORDANCE WITH CHAPTER XB OF THE SECURITIES AND EXCHANGE
BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009, (THE
'SEBIICDR REGULATIONS'). AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO
SECTION TITLED 'OFFER PROCEDURE' BEGINNING ON PAGE 252 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARE IS RS 10.00 EACH AND THE OFFER
PRICE IS RS 30.00. THE OFFER PRICE IS 3.00 TIMES OF THE FACE VALUE. OFFER OPENED ON
MONDAY, FEBRUARY 13, 2017 AND CLOSED ON THURSDAY, FEBRUARY 16, 2017. PROPOSED LISTING:
FEBRUARY 27, 2017
The Equity Shares offered through Prospectus are proposed to be listed on the SME
Platform of National Stock Exchange of India Limited ('NSE') ('NSE
EMERGE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as
amended; we are not required to obtain an in-principle listing approval for the shares
being offered in this offer. However, our company has received an approval letter dated
January 25,2017 from NSE for using its name in offer document for listing of our
shares on the SME Platform of National Stock Exchange of India Limited. For the purpose of
this offer, the Designated Stock Exchange will be the National Stock Exchange of India
Limited ('NSE EMERGE'). The trading is proposed to be commenced on or about
February 27,2017.
*Subject to receipt of listing and trading approvals from the National Stock Exchange of
India Limited.
All Applicants were allowed to participate in the offer through APPLICATION
SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of the
respective bank accounts in which the corresponding application amounts were blocked by
Self Certified Syndicate Banks (the 'SCSBs').
SUBSCRIPTION DETAILS
The offer has received 44705 applications for 21,63,08,000 Equity Shares resulting in
32.89 times subscription (including reserved portion of market maker). The details of the
applications received in the offer (before technical rejections) ate as follows:
Detail of the Applications Received (Before Technical Rejection):
Category |
Number of Applications |
% to Total |
Number of Equity Shares |
% to Total |
Subscription (Times) |
Market Makers |
1 |
0.00 |
3,36,000 |
0.16 |
1.00 |
Retail Individual Investors |
44077 |
98.60 |
17,63,08,000 |
81.51 |
56.51 |
Other than Retail Individual Investors |
627 |
1.40 |
3,96,64,000 |
18.33 |
12.71 |
TOTAL |
44705 |
100.00 |
21,63,08,000 |
100.00 |
|
Category |
No. of Applications |
No. of Equity Shares |
Market Makers |
Nil |
Nil |
Retail Individual Investors |
698 |
27,92,000 |
Other than Retail Individual Investors |
19 |
3,76,000 |
Total |
717 |
31,68,000 |
After eliminating technically rejected applications, the following tables give us
category wise net valid applications:
Category |
Number of Applications |
% |
Reserved Portion (as per Prospectus) |
No. of Valid Shares applied |
% of Total Applied |
Subscription (Times) |
Market Maker |
1 |
100 |
3,36,000 |
3,36,000 |
100 |
1.00 |
Total |
1 |
100 |
3,36,000 |
3,36,000 |
100 |
1.00 |
Category |
Number of Applications |
% |
Reserved Portion (as per Prospectus) |
Proportionate Offer Size (After Rounding off) |
No. of Valid Shares Applied |
% of Total Applied |
Subscription (Times) |
Retail Individual Investors |
43379 |
98.62 |
31,20,000 |
50,92,000 |
17,35,16,000 |
81.54% |
34.08 |
Other than Retail Individual Investors |
608 |
1.38 |
31,20,000 |
11,48,000 |
3,92,88,000 |
18.46% |
34.22 |
Total |
43987 |
100.00 |
62,40,000 |
62,40,000 |
21,28,04,000 |
100.00% |
- |
Allocation: The basis of Allotment was finalized in
consultation with the Designated stock Excnange - National stock Excnange of India Limited
on february 21,2017
A. Allocation to Market Maker (After Technical Rejections & Withdrawal):
The Basis of Allotment to the Market Maker, at the offer price of Rs 30 per Equity Share,
was finalised in consultation with National Stock Exchange of India Limited. The category
was subscribed by 1.00 times. The total number of shares allotted in this category is
3,36,000 Equity shares.
The category wise details of the Basis of Allotment are as under:
No. of Shares Applied for (Category wise) |
No. of Applications received |
% to Total |
Total No. of Equity Shares applied in this
Category |
% of Total |
Proporti nate Shares Available |
Allocation per Applicant (Before Rounding off) |
Allocation per Applicant (After Rounding off) |
Ratio of Allottees to Applicants Ratio 1 |
Ratio of Allottees to Applicants Ratio 2 |
Number of Successful applicants (after rounding
off) |
Total No. of Equity Shares allocated/ allotted |
No. of Shares Surplus/ Deficit |
3,36,000 |
1 |
100.00 |
3,36,000 |
100.00 |
3,36,000 |
3,36,000 |
3,36,000 |
1 |
1 |
1 |
3,36,000 |
- |
TOTAL |
1 |
100.00 |
3,36,000 |
100.00 |
3,36,000 |
3,36,000 |
3,36,000 |
1 |
1 |
1 |
3,36,000 |
- |
B. Allocation to Retail Individual Investors (After Technical
Rejections & Withdrawal): The Basis of Allotment to the Retail Individual
Investors, at the offer price of Rs 30 per Equity Share, was finalized in
consultation with National Stock Exchange of India Limited. The category was subscribed by
34.08 times i.e. for 17,35,16,000 Equity Shares. Total number of shares allotted in this
category is 50,92,000 Equity Shares to 1273 successful applicants.
The cateaorv wise details of the Basis of Allotment are as under:
No. of Shares Applied for (Category wise) |
No. of Applications received |
% to Total |
Total No. of Equity Shares applied in this
Category |
% of Total |
Proporti nate Shares Available |
Allocation per Applicant (Before Rounding off) |
Allocation per Applicant (After Rounding off) |
Ratio of Allottees to Applicants Ratio 1 |
Ratio of Allottees to Applicants Ratio 2 |
Number of Successful applicants (after rounding
off) |
Total No. of Equity Shares allocated/ allotted |
No. of Shares Surplus/ Deficit |
4000 |
43379 |
100.00 |
17,35,16,000 |
100.00 |
50,92,000 |
117.38 |
4000 |
10 |
341 |
1273 |
50,92,000 |
0.00 |
TOTAL |
43379 |
100.00 |
17,35,16,000 |
100.00 |
50,92,000 |
|
|
|
|
1273 |
50,92,000 |
0.00 |
C. Allocation to Other than Retail Individual Investors
(After Technical Rejections & Withdrawal): The Basis of Allotment to Other
than Retail Individual Investors, at the offer price of Rs 30 per Equity Share, was
finalized in consultation with National Stock Exchange of India Limited. The category was
subscribed by 34.22 times i.e. for 3,92,88,000 shares the total number of shares allotted
in this category is 11,48,000 Equity Shares to 182 successful applicants.
The category wise details of the Basis of Allotment are as under:
No. of Shares Applied for (Category wise) |
No. of Applications received |
% to Total |
Total No. of Equity Shares applied in this
Category |
% of Total |
Proporti nate Shares Available |
Allocation per Applicant (Before Rounding off) |
Allocation per Applicant (After Rounding off) |
Ratio of Allottees to Applicants Ratio 1 |
Ratio of Allottees to Applicants Ratio 2 |
Number of Successful applicants (after rounding
off) |
Total No. of Equity Shares allocated/ allotted |
No. of Shares Surplus/Deficit |
8000 |
189 |
31.09 |
1512000 |
3.85 |
44179 |
233.76 |
4000.00 |
1 |
17 |
11 |
44000 |
-179 |
12000 |
65 |
10.69 |
780000 |
1.99 |
22792 |
350.65 |
4000.00 |
1 |
11 |
6 |
24000 |
1208 |
16000 |
42 |
6.91 |
672000 |
1.71 |
19636 |
467.52 |
4000.00 |
5 |
42 |
5 |
20000 |
364 |
20000 |
50 |
8.22 |
1000000 |
2.55 |
29220 |
584.40 |
4000.00 |
7 |
50 |
7 |
28000 |
-1220 |
24000 |
26 |
4.28 |
624000 |
1.59 |
18233 |
701.27 |
4000.00 |
5 |
26 |
5 |
20000 |
1767 |
28000 |
11 |
1.81 |
308000 |
0.78 |
9000 |
818.18 |
4000.00 |
2 |
11 |
2 |
8000 |
-1000 |
32000 |
33 |
5.43 |
1056000 |
2.69 |
30856 |
935.03 |
4000.00 |
8 |
33 |
8 |
32000 |
1144 |
36000 |
4 |
0.66 |
144000 |
0.37 |
4208 |
1052.00 |
4000.00 |
1 |
4 |
1 |
4000 |
-208 |
40000 |
19 |
3.13 |
760000 |
1.93 |
22207 |
1168.79 |
4000.00 |
5 |
19 |
5 |
20000 |
-2207 |
48000 |
5 |
0.82 |
240000 |
0.61 |
7013 |
1402.60 |
4000.00 |
2 |
5 |
2 |
8000 |
987 |
52000 |
5 |
0.82 |
260000 |
0.66 |
7597 |
1519.40 |
4000.00 |
2 |
5 |
2 |
8000 |
403 |
56000 |
2 |
0.33 |
112000 |
0.29 |
3273 |
1636.50 |
4000.00 |
1 |
2 |
1 |
4000 |
727 |
60000 |
3 |
0.49 |
180000 |
0.46 |
5260 |
1753.33 |
4000.00 |
1 |
3 |
1 |
4000 |
-1260 |
64000 |
3 |
0.49 |
192000 |
0.49 |
5610 |
1870.00 |
4000.00 |
1 |
3 |
1 |
4000 |
-1610 |
68000 |
4 |
0.66 |
272000 |
0.69 |
7948 |
1987.00 |
4000.00 |
1 |
2 |
2 |
8000 |
52 |
72000 |
7 |
1.15 |
504000 |
1.28 |
14727 |
2103.86 |
4000.00 |
4 |
7 |
4 |
16000 |
1273 |
76000 |
3 |
0.49 |
228000 |
0.58 |
6662 |
2220.67 |
4000.00 |
2 |
3 |
2 |
8000 |
1338 |
80000 |
16 |
2.63 |
1280000 |
3.26 |
37402 |
2337.63 |
4000.00 |
9 |
16 |
9 |
36000 |
-1402 |
88000 |
11 |
1.81 |
968000 |
2.46 |
28285 |
2571.36 |
4000.00 |
7 |
11 |
7 |
28000 |
-285 |
92000 |
6 |
0.99 |
552000 |
1.41 |
16130 |
2688.33 |
4000.00 |
2 |
3 |
4 |
16000 |
-130 |
96000 |
5 |
0.82 |
480000 |
1.22 |
14026 |
2805.20 |
4000.00 |
4 |
5 |
4 |
16000 |
1974 |
100000 |
18 |
2.96 |
1800000 |
4.58 |
52596 |
2922.00 |
4000.00 |
13 |
18 |
13 |
52000 |
-596 |
104000 |
4 |
0.66 |
416000 |
1.06 |
12156 |
3039.00 |
4000.00 |
3 |
4 |
3 |
12000 |
-156 |
108000 |
2 |
0.33 |
216000 |
0.55 |
6312 |
3156.00 |
4000.00 |
1 |
1 |
2 |
8000 |
1688 |
112000 |
1 |
0.16 |
112000 |
0.29 |
3273 |
3273.00 |
4000.00 |
1 |
1 |
1 |
4000 |
727 |
120000 |
5 |
0.82 |
600000 |
1.53 |
17532 |
3506.40 |
4000.00 |
1 |
1 |
5 |
20000 |
2468 |
124000 |
2 |
0.33 |
248000 |
0.63 |
7247 |
3623.50 |
4000.00 |
1 |
1 |
2 |
8000 |
753 |
128000 |
6 |
0.99 |
768000 |
1.95 |
22441 |
3740.17 |
4000.00 |
1 |
1 |
6 |
24000 |
1559 |
132000 |
4 |
0.66 |
528000 |
1.34 |
15428 |
3857.00 |
4000.00 |
1 |
1 |
4 |
16000 |
572 |
140000 |
3 |
0.49 |
420000 |
1.07 |
12272 |
4090.67 |
4000.00 |
1 |
1 |
3 |
12000 |
-272 |
144000 |
1 |
0.16 |
144000 |
0.37 |
4208 |
4208.00 |
4000.00 |
1 |
1 |
1 |
4000 |
-208 |
148000 |
1 |
0.16 |
148000 |
0.38 |
4325 |
4325.00 |
4000.00 |
1 |
1 |
1 |
4000 |
-325 |
152000 |
1 |
0.16 |
152000 |
0.39 |
4441 |
4441.00 |
4000.00 |
1 |
1 |
1 |
4000 |
-441 |
156000 |
1 |
0.16 |
156000 |
0.40 |
4558 |
4558.00 |
4000.00 |
1 |
1 |
1 |
4000 |
-558 |
160000 |
8 |
1.32 |
1280000 |
3.26 |
37402 |
4675.25 |
4000.00 |
1 |
1 |
8 |
32000 |
-5402 |
164000 |
6 |
0.99 |
984000 |
2.50 |
28753 |
4792.17 |
4000.00 |
1 |
1 |
6 |
24000 |
-4753 |
168000 |
3 |
0.49 |
504000 |
1.28 |
14727 |
4909.00 |
4000.00 |
1 |
1 |
3 |
12000 |
-2727 |
180000 |
2 |
0.33 |
360000 |
0.92 |
10519 |
5259.50 |
4000.00 |
1 |
1 |
2 |
8000 |
-2519 |
184000 |
2 |
0.33 |
368000 |
0.94 |
10753 |
5376.50 |
4000.00 |
1 |
1 |
2 |
8000 |
-2753 |
200000 |
1 |
0.16 |
200000 |
0.51 |
5844 |
5844.00 |
4000.00 |
1 |
1 |
1 |
4000 |
-1844 |
208000 |
1 |
0.16 |
208000 |
0.53 |
6078 |
6078.00 |
8000.00 |
1 |
1 |
1 |
8000 |
1922 |
220000 |
1 |
0.16 |
220000 |
0.56 |
6428 |
6428.00 |
8000.00 |
1 |
1 |
1 |
8000 |
1572 |
240000 |
1 |
0.16 |
240000 |
0.61 |
7013 |
7013.00 |
8000.00 |
1 |
1 |
1 |
8000 |
987 |
248000 |
2 |
0.33 |
496000 |
1.26 |
14493 |
7246.50 |
8000.00 |
1 |
1 |
2 |
16000 |
1507 |
260000 |
2 |
0.33 |
520000 |
1.32 |
15194 |
7597.00 |
8000.00 |
1 |
1 |
1 |
16000 |
806 |
264000 |
1 |
0.16 |
264000 |
0.67 |
7714 |
7714.00 |
8000.00 |
1 |
1 |
1 |
8000 |
286 |
284000 |
1 |
0.16 |
284000 |
0.72 |
8299 |
8299.00 |
8000.00 |
1 |
1 |
1 |
8000 |
-299 |
292000 |
1 |
0.16 |
292000 |
0.74 |
8532 |
8532.00 |
8000.00 |
1 |
1 |
1 |
8000 |
-532 |
332000 |
3 |
0.49 |
996000 |
2.54 |
29103 |
9701.00 |
8000.00 |
1 |
1 |
3 |
24000 |
-5103 |
|
|
|
|
|
|
|
4000.00 |
1 |
3 |
0 |
4000 |
4000 |
360000 |
1 |
0.16 |
360000 |
0.92 |
10519 |
10519.00 |
12000.00 |
1 |
1 |
1 |
12000 |
1481 |
384000 |
1 |
0.16 |
384000 |
0.98 |
11221 |
11221.00 |
12000.00 |
1 |
1 |
1 |
12000 |
779 |
400000 |
1 |
0.16 |
400000 |
1.02 |
11688 |
11688.00 |
12000.00 |
1 |
1 |
1 |
12000 |
312 |
416000 |
1 |
0.16 |
416000 |
1.06 |
12156 |
12156.00 |
12000.00 |
1 |
1 |
1 |
12000 |
-156 |
500000 |
1 |
0.16 |
500000 |
1.27 |
14610 |
14610.00 |
16000.00 |
1 |
1 |
1 |
16000 |
1390 |
536000 |
1 |
0.16 |
536000 |
1.36 |
15662 |
15662.00 |
16000.00 |
1 |
1 |
1 |
16000 |
338 |
600000 |
1 |
0.16 |
600000 |
1.53 |
17532 |
17532.00 |
16000.00 |
1 |
1 |
1 |
16000 |
-1532 |
648000 |
1 |
0.16 |
648000 |
1.65 |
18935 |
18935.00 |
20000.00 |
1 |
1 |
1 |
20000 |
1065 |
664000 |
1 |
0.49 |
1992000 |
5.07 |
58206 |
19402.00 |
20000.00 |
1 |
1 |
3 |
60000 |
1794 |
700000 |
1 |
0.16 |
700000 |
1.78 |
20454 |
20454.00 |
20000.00 |
1 |
1 |
1 |
20000 |
-454 |
804000 |
1 |
0.16 |
804000 |
2.05 |
23493 |
23493.00 |
24000.00 |
1 |
1 |
1 |
24000 |
507 |
900000 |
1 |
0.16 |
900000 |
2.28 |
26298 |
26298.00 |
28000.00 |
1 |
1 |
1 |
28000 |
1702 |
6000000 |
1 |
0.16 |
6000000 |
15.26 |
175321 |
175321.00 |
176000.00 |
1 |
1 |
1 |
176000 |
679 |
TOTAL |
608 |
100.00 |
39288000 |
100.00 |
1148000 |
|
|
|
|
182 |
1148000 |
0.00 |
The Board of Directors of the Company at its meeting held on February
21,2017 has approved the Basis of Allocation of Equity Shares as approved by the
Designated Stock Exchange viz. National Stock Exchange of India Limited and at a meeting
held on February 22,2017 has authorized the corporate action for the transfer of the
Equity Shares to various successful applicants.
The CAN-cum-Refund advices and allotment advice and/or notices are forwarded to the
email id's and address of the Applicants as registered with the depositories / as filled
in the application form on or before February 23,2017. Further, the instructions to Self
Certified Syndicate Banks for unblocking the amount are processed on or prior to February
22,2017 In case the same is not received within 10 days, investors may contact at the
address given below. The Equity Shares allocated to successful applicants are being
credited to their beneficiary accounts subject to validation of the account details with
the depositories concerned. The Company is taking steps to get the Equity Shares admitted
for trading on the SME Platform of National Stock Exchange of India Limited (NSE EMERGE)
within six working days from the date of the closure of the offer. Note: All capitalized
terms used and not defined herein shall have the respective meanings assigned to them in
the Prospectus dated February 06,2017 ('Prospectus')
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar
to the offer, Link Intime India Private Limited at www.linkintime.co.in.
All future correspondence in this regard may kindly be addressed to the Registrar to the
Offer quoting full name of the First/ Sole applicants, serial number of the Application
Form, number of shares applied for and Bank Branch where the application had been lodged
and payment details at the address of the Registrar given below:
LINK INTIME INDIA PRIVATE LIMITED
C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West), Mumbai 400 078,
Maharashtra, India
Tel. No.: +91-22 - 61715400; Fax No.: +91-22 - 25960329; Website: www.linkintime.co.in
Email: kpl.ipo@linkintime.co.in;
Investor Grievance Email: kpl.ipo@linkintime.co.in
Contact Person: Ms. Shanti Gopalkrihnan; SEBI Regn. No. INR000004058
Place : Bhilwara
Date: 22.02.2017 |
For KRISHANA PHOSCHEM LIMITED
On behalf of the Board of Directors
Sd/-
Mr. Praveen Ostwal
Managing Director |
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